Osun, Ogun 32 Other States Attract Zero Foreign Investment in Q1 2024, Says NBS Report

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A recent report from the National Bureau of Statistics (NBS) has revealed that Osun State, alongside 33 other states in Nigeria, failed to attract foreign investment during the first quarter of 2024. The report, which highlights the economic challenges faced by various states across the country, underscores a broader trend of stagnation in foreign investment inflows.

The states listed in the report include Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, and Zamfara. These states collectively struggled to attract external investment, reflecting potential challenges in economic policies, infrastructure, and investment attractiveness.

The absence of foreign investment in these states during the first quarter of the year could have significant implications for their economic development and growth prospects. Stakeholders are likely to scrutinize these findings to identify potential areas for improvement and policy adjustments aimed at boosting investor confidence and attractiveness in the future.

Naijinfo Online

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